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    508 N Dalmont St Hobbs, NM 88240

    For Sale
    $199,700

    Mixed Use - Hobbs, NM

    Type:Mixed Use
    Property size:
    1,539 SF
    Days on Market:
    70
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 508 N Dalmont St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    4000063140001
    Parking features
    On Street
    Exterior features
    Irregular Lot
    Size
    1,539 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Building materials
    Frame
    Roof type
    Asphalt
    Architectural style
    Other

    Burkett-Shaw Realty (575) 399-0272 [email protected]

    Listing agent Bobby Shaw (575) 392-2023

    Listing date Sep 27, 2025

    MLS# 20246424 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Hobbs, NM

    This mixed-use property, located in Hobbs, NM, offers 1539 square feet of space suitable for both professional office and residential use. The building features a full kitchen area and a bathroom with a shower, allowing for the possibility of operating a business and living on-site. The property is located in Lea County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hobbs Habitat For Humanity Association Or Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.134748
    Latitude
    32.70561

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    FAQs

    What type of property is this?
    Live-work space - Mixed-use property suitable for office and residential use.
    Where is this live-work space located?
    The property is located at 508 N Dalmont St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $199,700.
    What are key features of this property?
    This property features: - Great location for professional office.; - Unique building with character and charm.; - Full kitchen area, ideal for staff and clients.
    (575) 392-2023
    Request Owner's contact information
    508 N Dalmont St Hobbs, NM 88240
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    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 N Dalmont St Hobbs, NM 88240
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